Femorning Dai股指期货手续费计算ly 21.04.20192019Fe香港站官

FemorningDaily21.04.2019

1.LIXunleiofZhongtaiSecuritiessaidthatthecyclicalcharacteristicsofChina"seconomyareweakening,andthestructuralcharacteristicsarestrengthening.Itisnecessarytopreventstructuralrisks.Whatistobegraspedisalsostructuralopportunities.Inthefuture,afewcitieswillcreatemoreGDP,afewcompanieswillgainmoreshareoftheindustry"sprofits,afewAshareswillaccountforalargershareofthetotalmarketcapitalization,andafewpeoplewillownmoreincome.

1、中泰证券李迅雷表明，我国经济周期性特征在弱化，结构性特征在强化，要防备是结构性危险，要捉住的则也是结构性时机。未来，更少的城市会发明更多的GDP，更少的企业将取得更多的业界赢利比例，更少的A股在总市值中的占比会更大，更少的人口或具有更多的收入。

2.21stCenturyBusinessHeraldreport,marketparticipantsaregenerallypessimisticabouttheprospectsofthird-andfourth-tiercities.Mostrealestatecompaniesalsoclaimtoreturnthefocusofregionallayouttofirst-andsecond-tiercities.However,thedatashowsthatinthecitieswherehousepricesroseinMarch,thethird-tiercitiessuchasDandong,JinzhouandChangdeallroseby1.5%ormore,becomingtheleaders.Accordingtotheanalysis,fromthenationalperspective,thethird-andfourth-tierpropertymarketisstillrunningatahighlevel,and“potentialstocks”arestillthere.However,theprospectsforthethirdandfourth-tierpropertymarketsareindeednotoptimistic.

2、21世纪经济报导音讯，商场人士对三四线城市的远景遍及失望，大都房地产企业也宣称，将区域布局的重心向一二线城市回归。但数据显现，3月在房价上涨的城市中，丹东、锦州、常德等三线城市的涨幅均到达或超越1.5%，成为领涨者。剖析以为，从全国范围来看，三四线楼市依然运行在高位，“潜力股”仍在。但三四线楼市的远景，确实并不达观。

3.BrokerageChinanews,accordingtobanksources,thecurrentscienceandtechnologyboardnewproductshavebeguntoissue,andthebankswilldefinitelyparticipate.Evenifthescaleoftheforecastisbasedonhalfofthenewscalein2016-2017,itwillreachthetrillionlevel.ThispartofthefundswillcorrespondtothestockofSSE50,becausethemarketvaluemustbematchedtoparticipatetheIPO.Atpresent,manybrokerageshavestartedroadshowstothenewIPOproducts,andthewillingnesstoparticipateforbankfundsisstronger,becausethetransactionsandnewrulesofthescienceandtechnologyboardhavechangedsignificantlycomparedwiththemainboard.

3、券商我国音讯，据银行人士泄漏，现在科创板打新产品现已开端发行，银行层面先兆会要参加进来。猜测规划即便依照2016-2017年时的打新规划打半数，都将到达万亿等级，这部分资金对应的将是上证50的股票，由于打新必配市值。现在不少券商现已开端路演打新产品，银行层面资金参加的志愿较强，由于科创板的买卖、打新规则比之主板有较大改变。

4.ZHENGQuan,directorofthePolicyandStrategyBureauoftheAIIB,saidthatsinceitsinception,theAIIBhasapproved39loansorinvestmentprojectsin15countries.Justinlastmonth,theAIIBandtheAsianDevelopmentBanksignedajointfinancingframeworkagreementforsovereignbusiness.Inthefuture,thesetwomultilateralfinancialinstitutionswilllaunchmoreco-financingprojects.

4、亚投行方针战略局局长郑权表明，自成立以来，亚投行已同意15个国家的39个借款或出资项目。就在上个月，亚投行与亚洲开发银行一起签署了主权事务联合融资结构协议，未来这两大多边金融机构将展开更多联合融资项目。

5.QatarSovereignWealthFund,QatarInvestmentAuthorityandrealestateinvestmentcompanyCrownAcquisitionswilljointlyacquiresomeofthemostrepresentativerealestatesinTimesSquareandFifthAvenueinNewYork.ThetwocompanieswillacquirenearlyhalfofManhattan"s$5.6billionpropertyunderVornadoRealtyTrust,oneofthelargestrealestatetrustsintheUnitedStates,withapproximately24%oftheshares.QatarplanstoincreaseitsinvestmentintheUnitedStatesto$45billioninthecomingyears.

5、卡塔尔主权财富基金卡塔尔出资局和不动产出资公司CrownAcquisitions将联合收买纽约年代广场和第五大道上一些最具代表性的地产。两边将收买美国最大的房地产信托公司之一VornadoRealtyTrust旗下曼哈顿56亿美元房产中近一半的财物，别离取得约24%的股份。卡塔尔方案未来数年将其在美国的出资增加到450亿美元。

6.AccordingtoSecuritiesTimesNews,Ashareshavedisclosedannualreportsof1949companiesbyApril19,ofwhich661companiessawadeclineinnetprofitgrowthlastyear,and108companieshadnegativenetprofitlastyear.Amongthe108loss-makingcompanies,38weredepreciatedforgoodwill,andthetotalamountofimpairmentwas13.875billionyuan.Amongthem,OrientalSeiko"sgoodwillimpairmentlosswas3.886billionyuanlastyear,rankingthefirstofthecompany"slossofgoodwillthatdisclosedtheirannualreporttemporarily.

6、证券时报音讯，到4月19日，A股已有1949家公司发表年报，其间661家公司上一年净赢利增幅下滑，108家公司上一年净赢利为负。108家亏本公司中有38家呈现商誉减值丢失，减值计提金额算计138.75亿元。其间东方精工上一年商誉减值丢失38.86亿元，在现在已发表年报公司中暂居商誉减值第一。

7.Accordingtothe21stCenturyBusinessHerald,inthe35tradingdayssinceMarch,477listedcompaniesissued966reductionplans,anaverageof28perday.Amongthem,83listedcompaniesarerealcontrollersandmajorshareholders,allfrompopularconcepts,includingventurecapital,5G,industrialmarijuana,fuelcells,chips,porkandsoon.Inthiswaveofreductions,thevarietyofhotspotsisthemost"low-level"way.Underthedesignofaclevermind,thenewroutinerepresentedbytheredemptionofETFsharereductionhasquietlyemerged.

7、21世纪经济报导音讯，3月以来的35个买卖日里，有477家上市公司发布了966份减持方案，均匀每日28份。其间83家上市公司系实控人、大股东减持，均来自抢手概念，包含创投、5G、工业大麻、燃料电池、芯片、猪肉等。在这波减持潮中，形形色色的蹭热门减持是最“初级”的一种方法。在一众聪明脑筋的规划下，以换购ETF比例减持为代表的新套路悄然呈现。

8.AccordingtotheShanghaiSecuritiesNews,thegrossprofitmarginisanimportantindicator,whichdirectlyreflectsthecompetitivenessoftheproduct,fortheprofitabilityofthecompanyacceptedbythescienceandtechnologyboard,inadditiontotheabsolutenumberofnetprofit.Amongthe84scienceandtechnologyboardreportingcompanies,thereare11companieswithagrossprofitmarginofover80%in2018,accountingfor13%ofthetotalnumberofenterprises.Theseenterprisesareconcentratedinthebiomedicalindustryandtheinformationtechnologyindustry.Thegrossprofitmarginofmostdeclaredcompaniesisconcentratedbetween20%and50%.Therearealsothreedeclaredcompanieswithagrossmarginoflessthan20%,ofwhichthegrossmarginofHejianchipsis-37.36%,whichistheonlycompanywithanegativegrossmargin.

8、上证报音讯，科创板受理企业盈余才能，除了参看净赢利的肯定数字，毛利率也是一个重要方针，直观反映了产品的竞争力。84家科创板申报公司中，2018年毛利率超越80%的企业有11家，占企业总数的13%，这些企业多会集在生物医药职业和信息技术职业。大都申报企业毛利率会集在20%-50%之间。还有3家申报企业的毛利率低于20%，其间和舰芯片的毛利率为-37.36%，是仅有一家毛利率为负的企业。

9.TheChinaSecuritiesRegulatoryCommissionstatedthatin2018,atotalof310administrativepenaltydecisionsweremade,anincreaseof38.39%overthesameperiodoflastyear.Theamountoffinesandconfiscationswas10.641billionyuan,up42.28%year-on-year.Themarketbanned50people,anincreaseof13.64%year-on-year.Thenumberofadministrativepenaltydecisions,theamountoffinesandpenalties,andthenumberofpeoplebannedinthemarkethavebeenrecordhighsforthreeconsecutiveyears,whichsuccessfullycompletedtheworktargetssetatthebeginningoftheyear.

9、证监会表明，2018年共作出行政处罚决议310件，同比增加38.39%；罚没款金额106.41亿元，同比增加42.28%；商场禁入50人次，同比增加13.64%。行政处罚决议数量、罚没款金额和商场禁入人数接连3年创新高。圆满完成了年头确认的作业方针。

10.TheAnti-MonopolyBureauoftheGeneralAdministrationofMarketSupervisionofthePeople’sRepublicofChinaisscheduledtoholdawarningmeetingonbuildingmaterialsmonopolyonApril24.ParticipantsaretheresponsiblepersonforlegalworkofChinaNationalBuildingMaterials,ConchCement,JidongCement,ChinaResourcesCement,HuaxinCementandShanshuiCementCo.,Ltd.

10、商场监管总局反独占局定于4月24日举行建材领独占行为劝诫会。参会人员包含我国建材、海螺水泥、冀东水泥、华润水泥、华新水泥、山水水泥公司担任法令方面作业的担任同志各1人。